Site: kstatecollegian.com

Are you a business administration or finance student seeking a demanding niche to start your career? Try your shot at asset management. There are over 3 million millionaires in the UK, and they need someone to manage this wealth. Therefore, the demand for asset managers is picking up. Give it a 3-minute read to find out why you should need to apply for this career.

What is Asset Management?

First things first, asset management is the ability to manage finances, assets, and wealth. Further, the assent managers also make decisions to minimize the risks as well as increase the wealth over time. But you won’t just be looking at sheets all day; you will also collaborate with other professionals and develop beneficial strategies. Having certifications such as Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) could really give a boost to your career.

The Role of Asset Manager in Any Company

Let’s cut to the chase – here is what you will be exactly doing as an asset manager in your next gig:

• Risk Management: Risk management is the core skill of any asset management handler. The economic system is quite volatile, and if you can forecast problems and identify potential risks, you would be in for a chance. Not to mention, you also need to be strong on strategy development and financial stability.
• Decision-making Power: Imagine your investor comes up to you asking where to put the $75 million that he just received in a business deal. You have to be an innovative thinker, making sound and informed investment choices. Market analysis is the key here.
• Networking Skills: Networking is a mastery that you would never want to skip. As an asset manager, you need to uplift the company’s relations, bringing more clients. Hence, you must be strong in the communication part. Analysis of market trends can provide you with opportunities to enhance your network.
• Crisis Prevention: The pandemic has shown us how weak supply chains and resource allocation are. An asset manager also finds loopholes in the company to cover and backdoors in the competitors to get leverage. Predict shortages and maintain a healthy flow of cash. Almost 90% of asset managers are using AI and blockchain for crisis prevention.

How to Build Your Portfolio as an Asset Manager?

Here is the real deal: you don’t need an internship at Fortune 500 to kickstart your career. Get the ball rolling with different side hustles. For instance, build a cloud-based tracker to keep a check on the cash flow. For a fleet organization, you can take your hand on the already operational asset tracker to increase efficiency.

As a final-year grad, you can also take part in or start your own campus projects to impress your hiring manager. Take help from tools such as AirTable to build a customized tracking application.

How about you go one step ahead and take part in climate tech? Monitor EV charging stations or solar panels. The opportunities are unlimited – you just need a determined mind and a craving heart.

Bottom Line

Wrapping it up, asset management is one of the most demanding skills of 2025. Students of finance and business management can kick-start their careers as asset managers. It involves overlooking, handling, and managing assets or wealth. It asks for risk management, decision-making power, networking, crisis prevention, etc. Lastly, you can build side hustles or help small businesses to make your portfolio, as well as work your way toward the Fortune 500.